In the first quarter of 2021, the operating costs of the Baku-Tbilisi-Ceyhan (BTC) amounted to about $ 41 million, while capital expenses amounted to $ 6 million. According to the report of BP-Azerbaijan, operating expenses increased by $ 16 million or 64% on an annual basis and capital expenses - by $ 3 million or two times.
Baku-Tbilisi-Ceyhan transit fee increased by 55 cents. Azerbaijan transits oil through Georgia. We are talking about the Baku-Tbilisi-Ceyhan oil pipeline, which enters Azerbaijan from Turkey via Georgia. After commissioning in June 2006, including the first quarter of 2021, 1 768 km long pipeline carried more than 482 million tons (3.62 billion barrels) of crude oil. The oil was loaded on 4 729 tankers in Ceyhan and shipped to world markets.
During the quarter of 2021, BTC exported about 6.7 million tons (51 million barrels) of crude oil and condensate, loaded in Ceyhan for 70 tankers. The volume of transportation by BTC decreased by 13% compared to the same period last year.
